Prime Minister Pham Minh Chinh has directed the State Bank of Vietnam (SBV) to intensify oversight of the gold market, aiming to narrow the gap between domestic and global gold prices to a slim 1-2% margin, as part of a broader effort to stabilise the economy, tame inflation, and spur growth.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), ministries and agencies to implement measures to effectively manage the gold market.

Vietnamese athletes have won two golds from the Asian Weightlifting Championships which is being held in China.

The Government has called for stricter market management, intensified inspections and larger penalties for violations in response to the recent developments in domestic gold prices.

Vietnam’s canoeing team made a remarkable impact at the 2025 Asian Canoe Confederation Canoe Sprint Asian Championships, securing one gold, four silver, and one bronze medals.

VOV.VN - Vietnam’s demand for gold bars and coins fell by 15% year-on-year to 12 tonnes in the first quarter of 2025, according to the World Gold Council (WGC).

VOV.VN - On the morning of April 18, domestic gold prices surged by 2 million VND per tael, reaching a new peak of VND 120 million per tael, the highest ever, despite a decline in global gold prices.

VOV.VN - Both gold ring and bar prices surged on April 17 in line with global trends, shattering previous records at VND120 million per tael.

VOV.VN - The Vietnam Department of Geology and Minerals has discovered 12 gold mines in the Central -Central Region, with estimated reserves of over 10 tonnes of gold and nearly 16.5 tonnes of silver.

VOV.VN - Gold prices in the Vietnamese market saw a decline on the morning of April 8, slipping below VND100 million per tael in line with the global downward trend.